The Dire Wolves, one of our professional League of Legends (LoL) teams, was last week bought by sports business group Guinevere Capital. Guinevere Capital purchased a controlling stake in the team, marking the first major investment in an Australian LoL team.

"The [Oceanic Pro League] is becoming increasingly popular for investors and sponsors as the league and e-sports continues to grow in Oceania," said Daniel Ringland, head of e-sports Oceania at LoL developer Riot Games. "Investors help establish a support network for the players, which in turn sees the quality of performance increase in the team and the league."